facebook
Traded Co logo
Submit

Opal Holdings Acquires Office Building In Orange County For $150.5M

Property Image
SOLD
$150,500,000
Paul Jones
Kevin Shannon
+ 2

California

See Similar Deals
Office435,177 SF
Sold 07/30/2020
the dealplayerscompscontact
Property Image
SOLD

Opal Holdings Acquires Office Building In Orange County For $150.5M

333 City Blvd W, Orange, CA, USA

See Similar Deals
Office435,177 SF
Sold 07/30/2020
Paul Jones
Kevin Shannon
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$345
Total Square Footage:435,177 SF
Transaction Type:Sale

An office property located at 333 City Blvd. W. in Orange County was recently sold for a price of $150,500,000. The property spans a total of 435,177 square feet, resulting in a price per square foot of $345. The transaction took place on July 30, 2021, and involved Opal Holdings as the buyer and Pacific Oak Capital Advisors as the seller. The deal was facilitated by brokers Kevin Shannon, Paul Jones, Brunson Howard, Ken White, and Brandon White from Newmark.

Summary of transaction details

The sale transaction of this office property involved Opal Holdings as the buyer and Pacific Oak Capital Advisors as the seller. The deal was successfully facilitated by brokers Kevin Shannon, Paul Jones, Brunson Howard, Ken White, and Brandon White, all representing Newmark.

Players

Brandon White
19 deals$901.6M volume(949) 608-2113
BROKER

Ken White
Newmark
96 deals$6.1B volume
BROKER

Paul Jones
Newmark
26 deals$1.3B volume
BROKER

Kevin Shannon
Newmark
136 deals$9.1B volume
BROKER

Brunson Howard
Newmark
12 deals$1.1B volume
BROKER

BUYER

Details

SOLD
IMAGE: Kevin Shannon, Paul Jones, Brunson Howard, Ken White & Brandon White DATE: 07/30/2021 ADDRESS: 333 City Blvd. W. MARKET: Orange County ASSET TYPE: Office BUYER: Opal Holdings SELLER: Pacific Oak Capital Advisors BROKERS: Kevin Shannon, Paul Jones, Brunson Howard, Ken White & Brandon White - Newmark SALE PRICE: $150,500,000 SF: 435,177 ~ PPSF: $345

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$8,026,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$534,694.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$713,446.78
Annual Debt Service$8,561,361.38